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FinanceSingapore's STI closes 1.2% higher on Wednesday, led by chip stock rebound
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Singapore stocks ended higher on Wednesday, July 22, 2026, with the Straits Times Index (STI) gaining 1.2% or 68.70 points to close at 5,595.42, driven by a rebound in global chip stocks. Yangzijiang Shipbuilding was the top blue-chip gainer, rising 5.6%, while Singapore Airlines was the worst performer, declining 1.8%. The three local banks all ended higher. The Singapore Exchange saw the debut of its first three US Singapore Depository Receipts (SDRs) – Sea, Grab, and SpaceX – which turned in a muted performance, with all three closing slightly below their opening prices. Market strategist James Ooi noted the debut as a positive milestone that could broaden market participation and attract growth-oriented investors. Across the broader market, gainers outnumbered losers 290 to 279, with 1.2 billion securities worth S$2.4 billion changing hands. Regional indices were mixed, with Hong Kong's Hang Seng Index falling 1% and South Korea's Kospi rising 0.7%.
Source report
SGX's first three US SDRs – Sea, Grab and SpaceX – end their debut with a muted performance
Published: Wed, Jul 22, 2026 · 06:17 PM
SINGAPORE – Singapore stocks ended higher on Wednesday (Jul 22) as global chip stocks rebounded.
The benchmark Straits Times Index (STI) gained 1.2 per cent, or 68.70 points, to finish at 5,595.42.
Key Movers on the STI
- Top gainer: Yangzijiang Shipbuilding rose 5.6 per cent, or S$0.21, to S$3.94.
- Worst performer: Singapore Airlines declined 1.8 per cent, or S$0.14, to S$7.65.
Local Banks
All three local banks ended higher:
- DBS: Up 2.3 per cent, or S$1.66, to S$73.66
- OCBC: Rose 1.9 per cent, or S$0.54, to S$29.18
- UOB: Gained 0.7 per cent, or S$0.32, to S$43.04
iEdge Singapore Next 50 Index
- Top gainer: ValueMax rose 4.8 per cent, or S$0.045, to S$0.99
- Biggest decliner: CSE Global fell 3.8 per cent, or S$0.05, to S$1.25
Broader Market
Across the broader market, gainers outnumbered losers 290 to 279, with 1.2 billion securities worth S$2.4 billion changing hands.
Regional Markets
Key regional indices were mixed:
- Hong Kong: Hang Seng Index lost 1 per cent
- Japan: Nikkei 225 fell 0.2 per cent
- Malaysia: FTSE Bursa Malaysia KLCI declined 0.5 per cent
- South Korea: Kospi rose 0.7 per cent
Market Commentary
James Ooi, market strategist at Tiger Brokers, noted that reports of major chip player TSMC potentially raising chipmaking prices by up to 10 per cent in 2027 were interpreted as "signs of sustained demand and continued industry pricing power."
US SDR Debut on SGX
The Singapore Exchange saw the debut of three of its first US Singapore Depository Receipts (SDRs) – Sea, Grab and SpaceX – on Wednesday. Their performance was muted:
- SpaceX US SDR (100 to 1): Opened at S$1.63, closed at S$1.61
- Grab US SDR (2 to 1): Opened at S$2.30, closed at S$2.27
- Sea US SDR (50 to 1): Opened at S$2.78, closed at S$2.74
Despite the subdued debut, Ooi described it as a "positive milestone" for Singapore's equity market.
"The addition of high-profile technology stocks is expected to broaden market participation by attracting younger and growth-oriented investors, while further broadening investment themes in Singapore's equity market beyond established income-focused offerings," he said.
He added that expanding the SDR line-up could also boost trading activity, generating positive spillover effects on liquidity across the wider market.
This article has been written with the assistance of AI and reviewed by a reporter.
Source
The Business TimesRegional
Part of this Story
Singapore shares rise on Wednesday; STI up 1.2%